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COIN

LMT

TSLA

Tech stocks, particularly in the Nasdaq 100, faced their fourth consecutive week of declines amid inflation and geopolitical concerns. Fed Chair Jerome Powell's stance on interest rates pushed Treasury yields to 5%. Gold prices rose for the fifth week. Concerns over U.S. debt sustainability were highlighted by the IMF. BlackRock and Coinbase launched campaigns on Bitcoin halving. Tesla announced a recall of Cybertruck vehicles and layoffs of over 14,000 employees. Lockheed Martin secured a $17-billion missile defense contract.

Portfolio Pulse from Piero Cingari

April 19, 2024 | 8:10 pm

VAXX

Vaxxinity has announced its plan to voluntarily delist its Class A common stock from the Nasdaq. This decision reflects the company's strategic move, potentially to reduce regulatory burdens and costs associated with being listed on a major exchange.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 8:10 pm

WRNT

Warrantee Inc. (NASDAQ:WRNT), a Japanese marketing and market research technology company, has received a Nasdaq delisting determination due to non-compliance with the minimum bid price requirement and failure to file required financial documents. The company plans to appeal the decision, which will stay the suspension of its securities pending the appeal's outcome. Warrantee is exploring options, including a reverse stock split, to regain compliance.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 8:08 pm

EVE

EVe Mobility Acquisition Corp (EVE) has received a notice from NYSE Regulation for not complying with the NYSE American LLC listing standards due to the late filing of its Annual Report on Form 10-K for the year ended December 31, 2023. The company cited the need for additional time to review its financial statements for accuracy as the reason for the delay and intends to file the report within the six-month period allowed.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 8:05 pm

SMAR

Smartsheet has announced a new $150 million share repurchase program, signaling confidence in the company's future prospects and potentially providing support for its stock price.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 8:05 pm

SCHL

Scholastic has entered into a share repurchase agreement as of April 18 to buy back 400,000 shares of its common stock from the estate of M. Richard Robinson, Jr.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 8:04 pm

ALPP

Alpine 4 Holdings received a notice from Nasdaq for not filing its 2023 Annual Report on Form 10-K in a timely manner, violating Nasdaq Listing Rule 5250(c)(1). The company had previously been granted an exception to file its delinquent Form 10-Q by May 13, 2024, but now faces additional delinquency. Alpine 4 Holdings plans to file both the Form 10-Q and the 2023 10-K as soon as possible and will submit a plan to regain compliance. There's no guarantee that Nasdaq will accept the plan or that the filings will be made by a specific date. Despite this, ALPP's stock will continue to be listed and traded on The Nasdaq Capital Market, pending compliance.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 8:03 pm

ARM

ASML

FTQI

IRBO

NVDA

SMCI

TSM

Arm Holdings Plc (NASDAQ:ARM) shares dropped after Exane BNP Paribas downgraded the stock from Outperform to Neutral with a $100 price target. The semiconductor sector is under pressure, with poor earnings from ASML Holdings N.V. (NASDAQ:ASML) and a reduced outlook from Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM). Nvidia Corporation (NASDAQ:NVDA) and Super Micro Computer, Inc. (NASDAQ:SMCI) also saw significant declines. Investors can access Arm through ETFs like FTQI and IRBO.

Portfolio Pulse from Erica Kollmann

April 19, 2024 | 8:02 pm

CNET

ZW Data Action Technologies Inc. (CNET) received a Nasdaq non-compliance notice for not filing its Annual Report on Form 10-K for the fiscal year ended December 31, 2023, on time. The company has until June 17, 2024, to file the report or submit a compliance plan to Nasdaq. If accepted, Nasdaq may grant up to October 14, 2024, for compliance. Failure to comply may result in delisting. CNET aims to file the report by May 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 8:00 pm

AMZN

Amazon.com's senior vice president of advertising products and tech, Colleen Aubrey, is stepping aside for a new, yet undisclosed role within the company. Aubrey, a key member of Amazon's 'S-team' advising CEO Andy Jassy, has contributed to the company's advertising sales growth, which saw a 24% increase to $47 billion in 2023 from $38 billion in 2022. The company has also expanded its advertising reach by including ads in its Prime Video service. Details about Aubrey's successor or the reasons for the change have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 7:59 pm